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BARBEQUE is breaking out of a 5 month ascending triangle. The breakout has to successfully cross the 200EMA which is directly on top of break out now. High volumes for last 3 days with high RSI.

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KIOCL is trying to breakout of the 2.5 years huge cup. Hitting 20% circuit today it broke out but it is important to sustain the breakout keep going higher. Volume and RSI are high.

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CHENNPETRO is breaking out of a massive 15 year resistance. High RSI. On daily after brief retest is again breaking swing low. Lets see if it will sustain levels and then can go higher.

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NAZARA is breaking out of a 1 Year Cup pattern. Breakout has retested and bounced and lets see if it sustains. High RSI and Volume at breakout.

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TCS this week is trying to break out of a cup and handle pattern lasting 1.5 years. Volume and RSI is high this week. Coinciding with breakout in other tech stocks and CNXIT. Important it stays along with tech sector above the breakout level over next few weeks to sustain rally.

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UCOBANK has rapidly broken out of a huge 6 Year Cup Handle pattern. The massive breakout over the last 2 days has pushed it over 35%! Huge volumes and high RSI. No wait for profit booking and see if it sustains. The whole PSU bank pack is breaking out.

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EIDPARRY has broken out of a 6 month long cup and given breakout. High volumes and RSI for last few days. The breakout is holding for last few days, but needs to sustain well to keep going higher.

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DBREALTY is now poised to breakout of the huge 10 year cup with high volume and high RSI. Watch for massive breakout if it happens.

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PUNJAB SIND BANK (PSB) is showing a 5 year Cup Handle Breakout with high RSI and good volumes. Obviously it is the week's first day and the weekly candle is still forming so look out for the candle close is important and the breakout should sustain over the next weeks. The PSU bank sector is also bullish now as many other banks are breaking out too.

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WIPRO has formed over a 1 year long cup and is poised for breakout and if can sustain. It has fallen over 50% from top and regained 25% from bottom already. RSI is high.

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INFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.

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TATAMOTORS has broken out of a 8 year inverted head and Shoulder and is sustaining the breakout. RSI is high. Lets see how high it can go if it sustains the breakout.

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GLAND PHARMA is gearing to break a 3 year resistance and has created a 1 Year Cup and handle and retesting levels after a prolonged downslide over 3 years. Volume and RSI are high.

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KSL or KALYANI STEEL has done a massive 6 Year Cup and Handle Breakout. It then retested the level and brokeout again with highest volumes. High RSI.

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BANKNIFTY has completed a second 2 month long cup and is poised for higher breakout if it crosses the cup effectively. RSI high, volumes high.

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PCJEWELLER is again in narrow Bollinger Band squeeze which happens repeatedly with this stock (red arrows) and then it breaks out explosively up. RSI and volumes show nothing significant as of now. BB squeeze can lead to massive up or down break. Waiting if it will breakout again this time.

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FACT is taking good support on rising trendline. Breakout of 3 month resistance, then retest and continues breakout of last high on good volumes and good RSI.

pchere Updated 

NIFTY has clearly broken a cup pattern and sustained above 20000. Play with no upper target. SL below 20000. Round number and important level breakout. RSI over 70. Simple.